Scheme misuse
Use of a government-backed loan or support scheme contrary to its rules, eligibility conditions or stated purpose.
Related terms
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Recovery Loan Scheme (RLS)
A UK Government-backed business lending scheme introduced after the main COVID emergency loan schemes to support access to finance through accredited lenders.
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Misuse of funds
Using money for an unauthorised, improper or prohibited purpose, potentially creating contractual, tax, insolvency or legal consequences.
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Bounce Back Loan Scheme (BBLS)
The COVID-era government-backed lending scheme that enabled eligible small businesses to borrow through accredited lenders.
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